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America's ultra wealthy flock to new red state business hubs… as growth sputters in California and New York
The Daily Mail ^ | 04 Oct 2025 | TILLY ARMSTRONG

Posted on 10/04/2025 7:20:05 PM PDT by MinorityRepublican

America's super rich are swapping Silicon Valley for Utah's Silicon Slopes and Manhattan for Miami.

In the next five years, Republican states are set to see the largest influx of ultra high net worth individuals, according to a new report.

The analysis, from wealth intelligence firm Altrata, defines these people as those worth more than $30 million.

While the traditional wealth hubs of California and New York still lead in terms of the number of ultra wealthy Americans living there, they are lagging when it comes to growth.

Instead Florida is leading the way, with an estimated 8.8 percent yearly growth of super rich residents through 2030.

Utah is projected to see the second largest annual growth over the same period of 8.1 percent, while Texas is due to see a 7.9 percent yearly surge.

The ultra rich are throwing their money into these states as a result of attractive low-tax regimes, the rise in remote working, general lifestyle appeal and emerging technology and finance hubs in areas such as Miami, Austin and Salt Lake City.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy
KEYWORDS: business; economy; likecockroaches

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To: bankwalker

Michigan and Arkansas seem to tolerate weed decrim better

Colorado kind of absorbed the whole back to nature thing after summer of love and haight ashbury and laurel canyon petered out early 70s

Remember Stephen stills and others sang and sang about idyllic Colorado

Joe Walsh rocky mt way same thing

And west coast former hippies moved to the mountains

Then their kids and grandkids born

Then more and more folks from both coasts cause it was nice

Then boulder Denver become hipster havens

Weed decrim is like outgrowth of that for them

Santa Fe always arty had similar influx

I had family there my dad born there

Montana now same damn thing

People go where it’s nice or for jobs or to be around safe similar folks

Seems like

I miss when the west was the west

Were I young and wanted a mate I’d go to Utah

Aside from Dixie


41 posted on 10/05/2025 8:29:38 AM PDT by wardaddy (I now know what “furry” is in)
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To: Pelham

41

Western migrations musing


42 posted on 10/05/2025 8:31:47 AM PDT by wardaddy (I now know what “furry” is in)
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To: norwaypinesavage
Given that state and local taxes get half of that,...

Simply obscene.

43 posted on 10/05/2025 8:35:46 AM PDT by going hot (Happiness is a Momma Deuce)
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To: HombreSecreto

Ha ha! But that leads to another industry that will have to leave NYC: the Performing Arts. My guess is Wash DC.


44 posted on 10/05/2025 9:46:06 AM PDT by Salvavida
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To: wardaddy

I first noticed a migration from SoCal to Colorado in 1970. High school classmates of mine. I don’t know why their parents were moving there but they were. Aerospace layoffs maybe. And there was a lot of college recruiting in SoCal by Colorado schools.

Funny to remember that SoCal was still basically populated by Americans back then. Well maybe not LA, but Orange County was.


45 posted on 10/05/2025 7:18:00 PM PDT by Pelham (President Eisenhower. Operation Wetback 1953-54)
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To: Nextrush

The wealthy do not pay income tax


46 posted on 10/05/2025 7:54:12 PM PDT by Chickensoup
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To: Chickensoup

“The wealthy do not pay income tax”

What do people consider as “wealthy” for tax purposes these days? A few billion? A few million?


47 posted on 10/05/2025 8:04:41 PM PDT by MayflowerMadam (It's hard not to celebrate the fall of bad people. - Bongino)
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To: MayflowerMadam

The article specified 30 million.

People with high incomes structure their upcoming years expenses then borrow to cover the expenses then pay off the structured loan.


48 posted on 10/05/2025 8:12:11 PM PDT by Chickensoup
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To: Chickensoup

Thanks! I only skimmed the article.


49 posted on 10/05/2025 8:13:17 PM PDT by MayflowerMadam (It's hard not to celebrate the fall of bad people. - Bongino)
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